Major European indices are closing the day with mixed results. The worst performer is UK's FTSE 100. The best performer is Spain's Ibex. A snapshot of the closing levels shows:

  • German DAX -93.10 points or -0.42% at 22340.54.
  • France's CAC +12.04 points or 0.15% at 8122.59.
  • UK's FTSE 100 -49.56 points or -0.57% at 8662.98.
  • Spain's Ibex +37.70 points or 0.29% at 12967.09.
  • Italy's FTSE MIB -99.13 points or -0.26% at 38249.02.

As London/European traders had for the exits, the major US indices are lower:

  • Dow industrial average -632.92 points or -1.42% at 43994.23. Walmart -6.20%, Goldman Sachs -4.72%, J.P. Morgan -4.21%, American Express -3.13%, and Boeing -2.9% are responsible for most of the declines.
  • S&P index after closing at a record level he answers down -53 points or -0.86% at 6091.09.
  • NASDAQ index is down -177 points or -0.88% at 19879.
  • Russell 2000 is down -29.31 points or -1.30% at 2252.98.

Looking at the US debt market, yields are lower:

  • 2-year 4.257%, -1.7 basis points
  • 5 year 4.341%, -2 point basis points.
  • 10 year 4.505%, -3.0 basis points
  • 30 year 4.742%, -2.1 basis points

At 12 PM, the EI a weekly energy inventory levels will be released with crude stocks expecting a build of 3.144 million. Gasoline stocks are expected to be unchanged while distillates are expected a drawdown of -1.634 million.

At 12:05 PM, St. Louis Fed Musalem is scheduled to speak.

At 2 PM, RB and the governor is to testify before Parliamentary select committee .

Source: Forex Live